Kubota Reports Double-Digit Gains

Revenue at Kubota Corp. for the quarter that ended Sept. 30 increased by 14.3 percent compared to last year. Revenue for the first nine months of the year increased by 21 percent.

In the farm and industrial machinery segment, revenue increased by 26.5 percent and accounted for 85.8 percent of Kubota’s consolidated revenue.

Domestic revenue increased by 2.4 percent, driven primarily by increases in farm equipment sales. Overseas revenue increased by 29.8 percent, also driven by farm equipment sales as well as construction equipment sales.

Revenue by region in the third quarter was the highest in North America and was 23.1 percent above last year.